Common use of Permitted Withdrawals from Current Issuer Bank Accounts and Swap Collateral Accounts; Authorised Investments Clause in Contracts

Permitted Withdrawals from Current Issuer Bank Accounts and Swap Collateral Accounts; Authorised Investments. (a) The Current Issuer covenants with the Note Trustee that the amounts standing to the credit of the Current Issuer Bank Accounts and any Swap Collateral standing to the credit of a Swap Collateral Account may only be withdrawn in accordance with this Clause 6.3 or otherwise with the Note Trustee's prior written consent. (b) On any day during an Interest Period prior to the security becoming enforceable pursuant to Clause 7.2 (Enforceable), the Current Issuer and the Note Trustee hereby authorise the Current Issuer Cash Manager to withdraw such monies from the Current Issuer Transaction Accounts as are to be applied on such date to meet any amounts then due and payable by the Current Issuer to third parties in accordance with item (C) of the Current Issuer Pre-Enforcement Revenue Priority of Payments provided that such monies are applied in making such payments on behalf of the Current Issuer. For the purpose of this paragraph (b), the remaining provisions of this Clause 6.3, Clause 6.4 (Current Issuer Pre-Enforcement Revenue Priority of Payments) and Clause 6.5 (Current Issuer Pre-Enforcement Principal Priority of Payments), the Current Issuer Cash Manager shall be entitled to assume that the Current Issuer Security is not enforceable pursuant to Clause 7.2 (Enforceable) unless it has received notice from the Current Issuer or the Note Trustee or is otherwise aware that the Current Issuer Security has become so enforceable and shall not be liable to the Note Trustee, the Current Issuer or any other Current Issuer Secured Creditor for making payments based on this assumption. (c) The Note Trustee hereby authorises the Current Issuer Cash Manager, prior to the security becoming enforceable pursuant to Clause 7.2 (Enforceable), to make withdrawals from: (i) the relevant Current Issuer Bank Account for the purposes of acquiring Authorised Investments provided that all amounts received in respect of the Authorised Investments (including earnings thereon) shall be deposited into the relevant Current Issuer Bank Account from which they were originally drawn; and (ii) the relevant Swap Collateral Account for the purpose of (1) transferring or paying Swap Collateral to a Current Issuer Swap Provider pursuant to the terms of the relevant Current Issuer Swap Agreement; or (2) transferring Swap Collateral Available Revenue Amounts and/or Swap Collateral Available Principal Amounts to the relevant Current Issuer Transaction Account.